Sunday, July 25, 2010

the review of the week ending July 24th has been completed and posted on the globalglassonion blog...it briefly summarizes and links to articles from MSM and the blogosphere, generally on the topics listed below and whatever else, with a heavy focus this week on monetary and fiscal policy, the likelihood of another downturn, and unemployment..

Monday, July 19, 2010

First of all, despite clamping down on immigration, our population grew by 2.6M people last year. Unfortunately, not only did we not create jobs for those 2.6M new people but we lost about 4M jobs so what are these new people going to do? Not only that, but nobody is talking about the another major job issue: People aren’t retiring! They can’t afford to because the economy is bad – that means there are even less job openings… The pimply faced kid can’t get a job delivering pizza because his grandpa’s doing it.

There are some brilliant pundits who believe cutting retirement benefits will fix our economy. How will that work exactly? Pay old people less money, don’t cover their medical care and what happens? Then they need money. If they need money, they need to work and if they need to work they increase the supply of labor, which reduces wages and leaves all 308,367,109 of us with less money. Oh sorry, not ALL 308,367,109 – just 308,337,109 – the top 30,000 (0.01%) own the business the other 308,337,109 work at and they will be raking it in because labor is roughly 1/3 of the cost of doing business in America and our great and powerful capitalists have already cut their manufacturing costs by shipping all those jobs overseas, where they pay as little as $1 a day for a human life so now, in order to increase their profits (because profits MUST be increased) they have now turned inward to see what they can shave off in America.

How does one decrease the cost of labor in America? Well first, you have to bust the unions. Check. Then you have to create a pressing need for people to work – perhaps give them easy access to credit and then get them to go so deeply into debt that they will have to work until they die to pay them off. Check. It also helps if you push up the cost of living by manipulating commodity prices. Check. Then, take away people’s retirement savings. Check. Lower interest rates to make savings futile and interest income inadequate. Check. And finally, threaten to take away the 12% a year that people have been saving for retirement by labeling Social Security an “entitlement” program – as if it wasn’t money Americans worked their whole lives to save and gave to the government in good faith. Check

Saturday, July 17, 2010

the review of the week ending July 17th has been completed and posted on the globalglassonion blog...it briefly summarizes and links to articles from MSM and the blogosphere, generally on the topics listed below and whatever else, with a heavy focus this week on monetary and fiscal policy, the likelihood of another downturn, deficits, foreclosures & unemployment

And that’s what that Corexit does, it ruptures red blood cells, causes internal bleeding, and liver and kidney damage. …

This stuff is so toxic combined… not the oil or dispersants alone. …

Very, very toxic and goes right through skin.

***

The reason this is so toxic is because of these solvents [from dispersant] that penetrate the skin of anything that’s going through the dispersed oil takes the oil into the cells — takes the oil into the organs… and this stuff is toxic to every organ system in the body. …

Similarly, marine biologist and toxicologist Dr. Chris Pincetich – who has an extensive background in testing the affects of chemicals on fish – says that Corexit disrupts cell membranes.

He also explains that EPA toxicity testing for Corexit is woefully inadequate, since EPA testing for mortality usually only requires a 96-hour time frame. His doctoral research found that fish that were alive at 96 hours after exposure to pesticide were dead at two weeks, so the chemicals were considered non-lethal for the purposes of the test.

Drs. Shaw and Pincetich are wildlife conservationists. But even industry scientists working for Exxon and the manufacturer of Corexit itself admit that the stuff is toxic.

Saturday, July 10, 2010

the review of the week ending July 10th has been completed and posted on the globalglassonion blog...it briefly summarizes and links to articles from MSM and the blogosphere, generally on the topics listed below and whatever else, with a heavy focus this week on monetary & fiscal policy, the likelihood of another downturn, unemployment, the oil spill in the gulf, and the ongoing crisis in the eurozone...

"It's crap," he says. "You should know it's crap, and say it is. And we have a duty, it seems to me, those of us who are academics, and seriously involved in the world, to actually change our mode of thinking."

the review of the week ending July 3rd has been completed and posted on the globalglassonion blog...it briefly summarizes and links to articles from MSM and the blogosphere, generally on the topics listed below and whatever else, with a heavy focus this week on fiscal policy, finreg, unemployment, the oil spill in the gulf, and the ongoing crisis in the eurozone...

Thursday, July 1, 2010

Are you sure that you want to help clean up the oil spill in the Gulf of Mexico? In a previous article we documented a number of the health dangers from this oil spill that many scientists are warning us of, and now it has been reported on CNN that the vast majority of those who worked to clean up the 1989 Exxon Valdez oil spill in Alaska are now dead. Yes, you read that correctly. Almost all of them are dead.

In fact, the expert that CNN had on said that the life expectancy for those who worked to clean up the Exxon Valdez oil spill is only about 51 years. Considering the fact that the oil spill in the Gulf of Mexico is now many times worse than the Exxon Valdez disaster, are you sure you want to volunteer to be on a cleanup crew down there? After all, the American Dream is not to make big bucks for a few months helping BP clean up their mess and then drop dead 20 or 30 years early

note on the graphs used here

in March a year ago the St Louis Fed, home to the FRED graphs, changed their graphs to an interactive format, which apparently necessitated eliminating some of the incompatible options which we had used in creating our static graphs before then...as a result, many of the FRED graphs we've included on this website previous to that date, all of which were all created and stored at the FRED site and which we'd always hyperlinked back there, were reformatted, which in many cases changed our bar graphs to line graphs, and some cases rendered them unreadable... however, you can still click the text links we've always used in referring to them to view versions of our graphs as interactive graphs on the FRED site, or in the case where an older graph has gone missing, click on the blank space where it had been in order to view it in the new format....